There are two ETFs on U.S. exchanges focusing on Israel which are quite different from one another.

The iShares ETF (EIS) is comprised of about 55 stocks and the index in which it is based upon is designed to represent approximately 85% of the entire Israeli stock market (based on market cap). The ETF historically has been weighted to the financial sector and many of the larger banks have represented a notable percentage of the entire ETF. The ETF has also been weighted towards Teva Pharmaceutical Industries which at times has represented nearly a quarter of the enter ETF weight.

The Market Vectors ETF (ISRA) is comprised of a larger selection of stocks (approximately 120) and contains more small-cap companies. It also contains a number of Israeli-linked companies who derive a significant percentage of their revenue from activities in Israel. Instead of the financial sector, this ETF historically has been weighted towards the health care and technology sectors.